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Jerome Powell said he will remain as a governor after his term as chair ends, while the US Federal Reserve kept interest rates unchanged due to uncertainty over the Middle East conflict and high energy prices.

30/04/2026

Oil spikes while divided Federal Reserve keeps interest rates unchanged

Oil prices jumped as fears grew that the Strait of Hormuz could stay blocked.

30/04/2026

Trump warns Iran better 'get smart soon' and accept nuclear deal

US President Donald Trump reportedly intends to pursue the blockade of Iranian ports until Tehran is forced to dismantle its nuclear programme.

29/04/2026
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